A. A company that proposes to make an acquisition pursuant to the Interstate Bank Acquisition Act shall:
(1) file with the director a copy of the application that the company has filed with the responsible federal bank supervisory agency and any additional information prescribed by the director; and
(2) pay to the director any application fee prescribed by the director.
B. As long as they are consistent with the effective discharge of the director's responsibilities, the application and reporting forms established pursuant to the Interstate Bank Acquisition Act shall conform to those established for the same purposes by the board of governors of the federal reserve system pursuant to the Bank Holding Company Act.
History: Laws 1996, ch. 2, § 5.
Cross references. — For the Bank Holding Company Act, see Subsection E of 58-1B-2 NMSA 1978.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 1B - Interstate Bank Acquisitions
Section 58-1B-1 - Short title.
Section 58-1B-2 - Definitions.
Section 58-1B-3 - Purpose and intent of act.
Section 58-1B-4 - Permitted acquisitions.
Section 58-1B-5 - Required application; forms.
Section 58-1B-6 - Standards for approval.
Section 58-1B-7 - Procedures relating to applications.
Section 58-1B-8 - Reports; examinations.
Section 58-1B-9 - Agency activities.
Section 58-1B-10 - Authority to issue regulations; cooperative agreements; fees.